Corning Company Profile (NYSE:GLW)

About Corning

Corning logoCorning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Display Technologies segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. It manufactures and processes products at approximately 90 plants in approximately 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Electronics
  • Sub-Industry: Electronic Components
  • Exchange: NYSE
  • Symbol: GLW
  • CUSIP: 21935010
Key Metrics:
  • Previous Close: $23.00
  • 50 Day Moving Average: $22.75
  • 200 Day Moving Average: $20.99
  • 52-Week Range: C$16.13 - C$23.23
  • Trailing P/E Ratio: 12.72
  • Foreward P/E Ratio: 14.47
  • P/E Growth: 1.08
  • Market Cap: $23.94B
  • Outstanding Shares: 1,036,877,000
  • Beta: 1.44
  • Net Margins: 25.53%
  • Return on Equity: 9.65%
  • Return on Assets: 5.60%
  • Debt-to-Equity Ratio: 0.23%
  • Current Ratio: 4.39%
  • Quick Ratio: 3.78%
Additional Links:
Companies Related to Corning:

Analyst Ratings

Consensus Ratings for Corning (NYSE:GLW) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 7 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: C$21.32 (7.31% downside)

Analysts' Ratings History for Corning (NYSE:GLW)
DateFirmActionRatingPrice TargetDetails
9/21/2016Bank of America Corp.Reiterated RatingSell$17.50View Rating Details
8/26/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details
8/26/2016Citigroup Inc.Boost Price TargetBuy$23.00 -> $26.00View Rating Details
6/12/2016ArgusReiterated RatingBuyView Rating Details
6/13/2016Standpoint ResearchDowngradeBuy -> HoldView Rating Details
6/10/2016Drexel HamiltonDowngradeHold -> Sell$21.03 -> $14.50View Rating Details
6/4/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingNeutralView Rating Details
4/26/2016Morgan StanleyReiterated RatingHoldView Rating Details
4/27/2016Jefferies GroupReiterated RatingHoldView Rating Details
4/27/2016SusquehannaReiterated RatingPositive$24.00 -> $23.00View Rating Details
1/28/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
1/11/2016Barclays PLCReiterated RatingOverweight$22.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$20.00 -> $18.00View Rating Details
10/28/2015Royal Bank Of CanadaBoost Price TargetOutperform$21.00 -> $24.00View Rating Details
8/3/2015Cantor FitzgeraldReiterated RatingHold$17.00View Rating Details
7/29/2015Benchmark Co.Lower Price TargetHold$19.50 -> $17.00View Rating Details
4/30/2015HSBCDowngradeBuy -> HoldView Rating Details
4/29/2015Credit Agricole SADowngradeUnderperform -> Sell$20.00View Rating Details
(Data available from 9/27/2014 forward)


Earnings History for Corning (NYSE:GLW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/2016Q216$0.32$0.37$2.38 billion$2.36 billionViewListenView Earnings Details
4/26/2016Q116$0.28$0.28$2.23 billion$2.17 billionViewListenView Earnings Details
1/26/2016Q415$0.32$0.34$2.33 billion$2.40 billionViewListenView Earnings Details
10/27/2015Q315$0.35$0.34$2.52 billion$2.45 billionViewListenView Earnings Details
7/28/2015Q215$0.37$0.38$2.54 billion$2.52 billionViewListenView Earnings Details
4/28/2015Q115$0.33$0.35$2.48 billion$2.43 billionViewN/AView Earnings Details
1/27/2015Q414$0.38$0.45$2.50 billion$2.50 billionViewN/AView Earnings Details
10/28/2014Q314$0.37$0.40$2.63 billion$2.60 billionViewN/AView Earnings Details
7/29/2014Q214$0.38$0.37$2.53 billion$2.58 billionViewN/AView Earnings Details
4/28/2014Q114$0.30$0.31$2.30 billion$2.40 billionViewN/AView Earnings Details
1/27/2014Q413$0.27$0.29$1.95 billion$2.01 billionViewN/AView Earnings Details
10/30/2013Q313$0.32$0.33$2.09 million$2.10 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.31$0.32$1.97 billion$2.00 billionViewN/AView Earnings Details
4/24/2013Q1 2013$0.24$0.30$1.96 billion$1.80 billionViewN/AView Earnings Details
1/29/2013Q4 2012$0.33$0.34$2.07 billion$2.15 billionViewN/AView Earnings Details
10/24/2012$0.32$0.34ViewN/AView Earnings Details
7/25/2012$0.31$0.31ViewN/AView Earnings Details
4/25/2012$0.28$0.30ViewN/AView Earnings Details
1/25/2012$0.33$0.33ViewN/AView Earnings Details
10/26/2011$0.42$0.48ViewN/AView Earnings Details
7/27/2011$0.47$0.48ViewN/AView Earnings Details
4/27/2011$0.44$0.47ViewN/AView Earnings Details
1/25/2011$0.47$0.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Corning (NYSE:GLW)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.59 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.27$0.34$0.30
Q2 20163$0.31$0.33$0.32
Q3 20163$0.35$0.40$0.37
Q4 20163$0.35$0.44$0.38
Q1 20172$0.27$0.34$0.31
Q2 20172$0.36$0.39$0.38
Q3 20172$0.42$0.42$0.42
Q4 20172$0.40$0.45$0.43
(Data provided by Zacks Investment Research)


Current Dividend Information for Corning (NYSE:GLW)
Annual Dividend:$0.54
Dividend Yield:2.35%
Dividend Growth:15.10% (3 Year Average)
Payout Ratio:29.51% (Based on Trailing 12 Months of Earnings)
38.30% (Based on Current Year Consensus EPS Estimate)
33.96% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Corning (NYSE:GLW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Corning (NYSE:GLW)
Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 73.63%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/7/2016Martin J CurranVPSell54,416C$22.87C$1,244,493.92View SEC Filing  
8/15/2016James P ClappinInsiderSell15,000C$23.00C$345,000.00View SEC Filing  
8/11/2016David L MorseInsiderSell9,000C$23.00C$207,000.00View SEC Filing  
8/10/2016Lisa FerreroInsiderSell48,000C$22.86C$1,097,280.00View SEC Filing  
8/8/2016Martin J CurranVPSell18,000C$22.89C$412,020.00View SEC Filing  
8/2/2016Wendell P WeeksCEOSell68,250C$22.21C$1,515,832.50View SEC Filing  
8/1/2016Eric S MusserVPSell56,853C$22.37C$1,271,801.61View SEC Filing  
7/29/2016R Tony TripenyInsiderSell7,500C$22.27C$167,025.00View SEC Filing  
7/28/2016James P ClappinInsiderSell15,000C$22.00C$330,000.00View SEC Filing  
7/28/2016Lawrence D McraeVice ChairmanSell57,333C$22.26C$1,276,232.58View SEC Filing  
7/28/2016Martin J CurranVPSell9,000C$21.86C$196,740.00View SEC Filing  
6/8/2016Kirk P GreggCAOSell24,000C$20.93C$502,320.00View SEC Filing  
6/7/2016Mark S RogusVPSell10,896C$21.18C$230,777.28View SEC Filing  
6/7/2016R Tony TripenyCFOSell7,500C$21.17C$158,775.00View SEC Filing  
5/26/2016Kirk P GreggCAOSell20,000C$20.08C$401,600.00View SEC Filing  
2/29/2016Robert HinchcliffeDirectorBuy47,000C$0.05C$2,115.00
2/19/2016Kirk P GreggCAOSell20,000C$18.51C$370,200.00View SEC Filing  
2/17/2016Jeffrey W. EvensonVPSell53,008C$19.03C$1,008,742.24View SEC Filing  
2/10/2016Lawrence D. McraeVice ChairmanSell34,000C$18.54C$630,360.00View SEC Filing  
2/4/2016James B FlawsVice ChairmanSell69,519C$18.50C$1,286,101.50View SEC Filing  
12/15/2015Lewis A SteversonSVPSell28,437C$17.99C$511,581.63View SEC Filing  
12/4/2015Robert HinchcliffeDirectorBuy105,000C$0.08C$7,875.00
10/8/2015Robert HinchcliffeDirectorBuy25,000C$0.08C$2,000.00
9/18/2015Robert HinchcliffeDirectorBuy25,000C$0.09C$2,125.00
9/1/2015Martin J CurranVPBuy35,820C$16.67C$597,119.40View SEC Filing  
9/1/2015Robert HinchcliffeDirectorBuy5,000C$0.08C$400.00
8/31/2015Robert HinchcliffeDirectorBuy2,000C$0.08C$160.00
8/28/2015Robert HinchcliffeDirectorBuy11,000C$0.08C$880.00
5/5/2015Robert HinchcliffeDirectorBuy49,000C$0.09C$4,165.00
3/16/2015Robert HinchcliffeDirectorBuy100,000C$0.08C$7,500.00
2/27/2015Clark S KinlinEVPSell12,932C$24.54C$317,351.28View SEC Filing  
2/23/2015Eric S MusserVPSell11,578C$24.94C$288,755.32View SEC Filing  
2/18/2015James B FlawsCFOSell145,043C$24.58C$3,565,156.94View SEC Filing  
2/18/2015Kirk P GreggVPSell50,869C$24.62C$1,252,394.78View SEC Filing  
2/18/2015Wendell P WeeksCEOSell64,992C$24.49C$1,591,654.08View SEC Filing  
2/10/2015Eric S MusserVPSell18,000C$24.50C$441,000.00View SEC Filing  
2/6/2015Clark S KinlinEVPSell21,500C$24.35C$523,525.00View SEC Filing  
1/30/2015Kirk P GreggVPSell131,703C$23.89C$3,146,384.67View SEC Filing  
1/30/2015Wendell P WeeksCEOSell242,250C$23.91C$5,792,197.50View SEC Filing  
1/28/2015David L MorseEVPSell61,168C$25.02C$1,530,423.36View SEC Filing  
1/28/2015Eric S MusserVPSell38,000C$24.75C$940,500.00View SEC Filing  
1/28/2015James B FlawsCFOSell339,500C$24.63C$8,361,885.00View SEC Filing  
1/28/2015Kurt M LandgrafDirectorSell6,775C$24.89C$168,629.75View SEC Filing  
11/24/2014Clark S KinlinEVPSell59,916C$20.84C$1,248,649.44View SEC Filing  
10/30/2014Robert HinchcliffeDirectorBuy200,000C$0.05C$10,000.00
9/10/2014Hansel E Tookes IIDirectorSell8,611C$21.09C$181,605.99View SEC Filing  
8/27/2014Clark S KinlinEVPSell19,137C$20.57C$393,648.09View SEC Filing  
8/21/2014Wendell P WeeksCEOSell130,000C$20.73C$2,694,900.00View SEC Filing  
8/5/2014Kirk P GreggVPSell41,000C$19.89C$815,490.00View SEC Filing  
8/4/2014Lewis A SteversonSVPSell30,102C$20.00C$602,040.00View SEC Filing  
5/30/2014David L MorseEVPSell11,027C$21.27C$234,544.29View SEC Filing  
5/14/2014Clark KinlinEVPSell32,500C$21.23C$689,975.00View SEC Filing  
5/2/2014Kirk GreggVPSell93,000C$21.03C$1,955,790.00View SEC Filing  
5/1/2014Wendell WeeksCEOSell150,000C$21.07C$3,160,500.00View SEC Filing  
2/19/2014Kirk GreggVPSell12,618C$19.05C$240,372.90View SEC Filing  
2/18/2014David MorseEVPSell9,265C$19.16C$177,517.40View SEC Filing  
2/18/2014James FlawsCFOSell20,499C$19.16C$392,760.84View SEC Filing  
2/18/2014Wendell WeeksCEOSell44,164C$19.16C$846,182.24View SEC Filing  
2/12/2014James FlawsCFOSell190,335C$18.59C$3,538,327.65View SEC Filing  
11/22/2013Wendell WeeksCEOSell250,000C$17.05C$4,262,500.00View SEC Filing  
11/21/2013R Tony TripenyVPSell22,750C$17.13C$389,707.50View SEC Filing  
11/20/2013David MorseEVPSell2,255C$16.87C$38,041.85View SEC Filing  
11/15/2013Deborah RiemanDirectorSell5,132C$16.90C$86,730.80View SEC Filing  
11/4/2013John Seely BrownDirectorSell5,132C$17.29C$88,732.28View SEC Filing  
2/13/2013Robert F Cummings JrDirectorBuy30,000C$12.61C$378,300.00View SEC Filing  
11/16/2012Gordon GundDirectorBuy170,000C$10.76C$1,829,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Corning (NYSE:GLW)
News IconTop Gainers of the Day: Corning Incorporated (NYSE:GLW) from Diversified Electronics (NYSE:GLW) - September 27 at 9:52 AM
News IconCorning Incorporated: GLW Stock Setting Up for 297.5% Run? (NYSE:GLW) - September 27 at 9:52 AM logoOwens Corning to Present Four Sessions at CAMX Show in Anaheim (NYSE:GLW) - September 27 at 9:52 AM logoInteresting January 2017 Stock Options for GLW (NYSE:GLW) - September 26 at 5:24 PM logoCorning Optical to add 105 jobs in Hickory to expand production (PHOTOS) (NYSE:GLW) - September 26 at 5:24 PM
News IconCorning Incorporated (NYSE:GLW) from Diversified Electronics – Todays Top Gains (NYSE:GLW) - September 26 at 9:56 AM logoCorning Incorporated : to Lead Executive Session at 36th Annual FISITA World Automotive Congress (NYSE:GLW) - September 23 at 4:56 PM
News IconDiversified Electronics: Corning Inc. (NYSE:GLW) Position of the day (NYSE:GLW) - September 23 at 4:56 PM
News IconTech Stocks Review! Zynga Inc (ZNGA), Corning Incorporated (NYSE:GLW) - share market updates (press release) (NYSE:GLW) - September 23 at 10:13 AM
News IconTech Stocks in the Rumor! Corning Incorporated (GLW), VimpelCom Ltd (ADR) (NASDAQ:VIP) - share market updates (press release) (NYSE:GLW) - September 23 at 10:13 AM
News IconTwo Technology Stocks Are Hot: Verizon Communications Inc. (VZ), Corning Inc. (GLW) - The Independent Republic (NYSE:GLW) - September 23 at 10:13 AM
News IconCorning Inc. (NYSE:GLW) from Diversified Electronics – Todays Top Gains (NYSE:GLW) - September 22 at 10:48 AM
News IconNotable News Review: Corning Incorporated (NYSE:GLW), Johnson Controls Inc (NYSE:JCI) - NYSE Journal (press release) (NYSE:GLW) - September 21 at 5:43 PM logoWhen Will Corning Inc. Split Its Stock Again? -- The Motley Fool - Motley Fool (NYSE:GLW) - September 21 at 5:43 PM
News IconTech Stocks Review! QUALCOMM, Inc. (QCOM), Corning Incorporated (NYSE:GLW) - share market updates (press release) (NYSE:GLW) - September 21 at 5:43 PM
News IconWhich way Corning Inc. (NYSE:GLW) earnings may go - The Voice Registrar (NYSE:GLW) - September 21 at 5:43 PM
News IconCan Corning Incorporated (NYSE:GLW) (NYSE:GLW) - September 21 at 9:29 AM
News IconLeading stocks in today’s market: Corning Inc. (NYSE:GLW) (NYSE:GLW) - September 21 at 9:29 AM
News IconHigh Market Cap Stock of the Day – Corning Inc. (NYSE:GLW) (NYSE:GLW) - September 20 at 10:23 AM
News IconShort Interest in Corning Inc. (GLW) Drops By 12.1% (NYSE:GLW) - September 20 at 10:23 AM logoInteresting May 2017 Stock Options for GLW - Nasdaq (NYSE:GLW) - September 19 at 5:22 PM logo3 Books the CEO of Corning is Reading (GLW) (NYSE:GLW) - September 19 at 5:22 PM logoWhen Will Corning Inc. Split Its Stock Again? (NYSE:GLW) - September 19 at 12:26 PM logoResearch Analysts Set Corning Incorporated (NYSE:GLW)’s Price Target At $18.875 (NYSE:GLW) - September 17 at 4:59 PM
News Icon(NYSE:GLW), a large market cap stock a smart buy? (NYSE:GLW) - September 17 at 9:55 AM
News IconWhat do Analysts suggest for: Corning Incorporated (NYSE:GLW) (NYSE:GLW) - September 17 at 9:55 AM
News IconIs Corning Inc. (NYSE:GLW), a large market cap stock a smart buy? (NYSE:GLW) - September 16 at 5:06 PM
News IconTech Stocks Review! Centurylink Inc (CTL), Corning Incorporated (NYSE:GLW) - share market updates (press release) (NYSE:GLW) - September 16 at 9:06 AM logoOwens Corning Declares Third-Quarter 2016 Dividend (NYSE:GLW) - September 16 at 9:06 AM
News IconShares of Caterpillar Inc. (NYSE:CAT) & Corning Incorporated (NYSE:GLW) Stocks News Update: Wednesday - Money News (NYSE:GLW) - September 15 at 8:19 AM
News IconTech Stocks Overview= Corning Incorporated (GLW), America Movil SAB de CV (ADR) (NYSE:AMX) - share market updates (press release) (NYSE:GLW) - September 15 at 8:19 AM
News IconJohn G Ullman & Associates INC Decreased Stake in Corning INC Glw (NYSE:GLW) by $4.69 Million as Shares Rose - Chester News (NYSE:GLW) - September 15 at 8:19 AM logoCorning: Breaking The Glass Ceiling - Seeking Alpha (NYSE:GLW) - September 14 at 5:21 PM
News IconStocks Carrying Extraordinary Return Ratio: Corning Inc. (NYSE ... - Street Wise Report (press release) (blog) (NYSE:GLW) - September 14 at 5:21 PM
News IconCorning Inc.'s (GLW): Stocks on Trader's Radar - Hot Stocks Point (NYSE:GLW) - September 14 at 5:21 PM
News IconCorning’s (GLW) Has Further Upside Potential amid Its Strategies (NYSE:GLW) - September 14 at 9:30 AM logoCorning: Breaking The Glass Ceiling (NYSE:GLW) - September 12 at 5:03 PM logoETF’s with exposure to Corning, Inc. : September 12, 2016 (NYSE:GLW) - September 12 at 5:03 PM logoGerresheimer, Chase sell lab glass JV to Duran Group (NYSE:GLW) - September 12 at 10:02 AM
News IconTech Stocks Reports Analysis= JD.Com Inc (ADR) (NASDAQ:JD ... - share market updates (press release) (NYSE:GLW) - September 10 at 4:52 PM
News IconHot Line Stocks At Active Reaffirm Views- Corning Inc. (NYSE:GLW), Himax Technologies, Inc. (NASDAQ:HIMX) - Seneca Globe (NYSE:GLW) - September 9 at 5:03 PM
News IconTech Stocks Indications= Vodafone Group Plc (VOD), Corning Incorporated (NYSE:GLW) - share market updates (press release) (NYSE:GLW) - September 8 at 9:05 AM
News IconUpdate on Corning Inc. (NYSE:GLW) for the day (NYSE:GLW) - September 7 at 5:25 PM logo3 Trending Stocks: Monolithic Power Systems, Inc. (MPWR), Corning Inc. (GLW), Devon Energy Corporation (DVN) - iStreetWire (NYSE:GLW) - September 6 at 5:17 PM
News IconActive Runners: Corning Incorporated (NYSE:GLW), Comcast ... - NYSE Journal (press release) (NYSE:GLW) - September 6 at 5:17 PM
News IconCorning Inc.'s (GLW): Trend Analysis Report - Hot Stocks Point (NYSE:GLW) - September 6 at 5:17 PM logoCorning Ventures into Wearables, Unveils Gorilla Glass SR+ (NYSE:GLW) - September 6 at 9:59 AM logoThe Rugged CAT S60 Wins Thunderdome, Crushes Your Feeble Phone (NYSE:GLW) - September 6 at 9:59 AM
News IconCorning Inc. (NYSE:GLW) – Top Stock from Technology Sector - The Daily Leicester (NYSE:GLW) - September 5 at 4:48 PM
News IconTwo Technology Stocks Are Hot: SolarCity Corporation (SCTY), Corning Inc. (GLW) - The Independent Republic (NYSE:GLW) - September 5 at 9:43 AM


Corning (NYSE:GLW) Chart for Tuesday, September, 27, 2016

Last Updated on 9/27/2016 by Staff